EGERIA acquires ISOPLUS

Amsterdam/ Munich / Rosenheim – 17th January 2022 – Egeria, an independent pan-European investment company, announced that it will acquire 100% of the shares of Isoplus. ISOPLUS, headquartered in Germany, is a leading provider of pre-insulated piping systems, mainly for district heating. The current management will invest a minority stake in the company and will continue to lead the business. The acquisition is subject to customary closing conditions and is expected to be finalized in the first quarter of 2022. Financial details of the transaction have not been disclosed.

ISOPLUS was founded in 1974 and has developed into a market leading player in the European market for district heating. The company operates 8 production locations, employs c. 1,200 employees, and is active in over 30 countries. District heating is seen as key element in the transition towards CO2-neutral heat generation. ISOPLUS is well positioned to contribute to and benefit from this attractive market with strong momentum, driven by a clear need for expansion of green heating. The investment by Egeria provides the company with the financial backing and operational support to accelerate growth and further grow the company as a leading provider of sustainable services for green heat across Europe.

Hannes Rumer, Managing Partner DACH at Egeria in Munich: “We are impressed by ISOPLUS’ growth track record. Through continuous entrepreneurship, ISOPLUS has built a leading position in an attractive market. ISOPLUS is a strong platform for future growth, and we aim to further strengthen its position as a leading provider of sustainable green heat solutions. We look forward to partnering with management and supporting the company during the next growth phase.”

Wolfgang Blumschein, Roland Hirner, ISOPLUS Management: “We are glad that Egeria will become the new main shareholder of ISOPLUS. Over the past years we have continuously developed ISOPLUS into one of the market leaders for district heating pipes. We believe ISOPLUS is ready to accelerate growth as a provider of sustainable heat services and see Egeria as the ideal partner to realize the next growth phase.”